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Meatpacking Makeover: Pizza Bar to Go Dry; Gin Lane to Make Way for a Restaurant

We&#8217;ve learned from nightlife broker Alex Picken that <a href=http://nymag.com/listings/bar/38u7/>Pizza Bar</a> has been bought out by its landlord and is likely to be repurposed for dry use. &#8220;Meatpacking rents have gone up,&#8221; says Picken. &#8220;You&#8217;ve got guys paying peanuts, and you&#8217;ve got fashion stores paying the cheese.&#8221; (Landlords are asking as high as $300 a square foot, we hear.) Picken has also heard that the space that recently housed <a href=http://nymag.com/listings/bar/gin-lane/>Gin Lane</a> is acquiring a new lease holder who will turn it into more of a restaurant. Picken, a meatpacking expert of sorts, is unfamiliar with the operators, so we probably aren&#8217;t talking about Kyky and Unik, who were recently bought out of <A HREF=http://nymag.com/listings/bar/gin-lane/>PM</A> and are experiencing delays with <a href=http://nymag.com/listings/restaurant/merkato-55/>Merkato 55</a>. More meatpacking movement: UrbanDaddy has the scoop on a new French restaurant operated by the owners of new club Kiss & Fly. It&#8217;s called Bagatelle &#8212; that&#8217;s a French word, not a portmanteau meaning &#8220;douche-bag clientele.&#8221;
<STRONG>Related:</strong> <a href=http://www.urbandaddy.com/nyc/1080/In-the-Bag>In the Bag</a> [UrbanDaddy]
<a href=http://nymag.com/daily/food/2007/09/last_week_page_six_reported.html>Meatpacking Rent Party: Lotus and Pizza Bar for Sale</a>
<a href=http://nymag.com/daily/food/2007/09/last_week_page_six_reported.html>Breaking: Avalon Closed 'For Reservations,' Other Clubs Bite the Bullet</a>

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We’ve learned from nightlife broker Alex Picken that Pizza Bar has been bought out by its landlord and is likely to be repurposed for dry use. “Meatpacking rents have gone up,” says Picken. “You’ve got guys paying peanuts, and you’ve got fashion stores paying the cheese.” (Landlords are asking as high as $300 a square foot, we hear.) Picken has also heard that the space that recently housed Gin Lane is acquiring a new lease holder who will turn it into more of a restaurant. Picken, a meatpacking expert of sorts, is unfamiliar with the operators, so we probably aren’t talking about Kyky and Unik, who were recently bought out of PM and are experiencing delays with Merkato 55. More meatpacking movement: UrbanDaddy has the scoop on a new French restaurant operated by the owners of new club Kiss & Fly. It’s called Bagatelle — that’s a French word, not a portmanteau meaning “douche-bag clientele.”